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What is the last date of filing income tax return?

Income Tax return filing due date is just a month away and hence, many taxpayers have already might gather all the required documents. And if not, then you should not wait for the deadline to efile income tax return for the financial year 2018-19.

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What is the last date of filing income tax return?

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  1. What is the last date of filing income tax return? Income Tax return filing due date is just a month away and hence, many taxpayers have already might gather all the required documents. And if not, then you should not wait for the deadline to efile income tax return for the financial year 2018-19. As the CBDT has already notified about the last date of ITR filing which is July 31, 2019. So, it is advisable to file ITR before the deadline ends so that you can avoid any glitch and errors for the Assessment year 2019-20. Although, the income tax department has out some of the ITR forms except ITR-6 on the e-filing website for all the tax assesse to fill our appropriate forms as per the definite income tax return category. Apart from this, it is important to keep in mind that when you sit to file your return, there is one thing you need to ensure - pick the right form. If you file your return using the wrong form, then it will be considered defective. Penalty of late filing of Income Tax Return If any individual file income tax in India after the deadline of ITR filing, then it might be possible that he will be liable to pay additional charges. Earlier,the income tax department has announced that if anyone failed to file ITR, then late filing fees will be levied after July 31, 2019 and any time before March 31. Following we are sharing what The late filing fee structure is as follows: Date of filing ITR Amount (Rs) After July 31, 2019 but on or before December 31, 2019 5,000 Between January 1, 2020 and March 31, 2020 10,000

  2. For small taxpayers whose total income does not exceed Rs. 5 lakh, the maximum late fee amount will not exceed Rs 1,000 irrespective of when it is filed that is before March 31, 2019. Documents’ checklist for ITR filing •Form 16 •Form 16A/Form 16B/Form 16C •Form 26AS •Tax saving investment proofs •Capital Gain statement •Details of unlisted shares •Aadhaar Card •Bank Account Details •Pan Card Details How to file Income Tax Returns Online? After keeping all the required documents ready, you can easily file tax returns online. As the Income tax authority released an e-filing software for all ITR forms. Hence, it’s very easy steps for the registered user to login efiling of income tax return in India and file ITR without any hassle.

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